Neuromeka Co (XKRX:348340) ROCE % : -43.25% (As of Mar. 2024)

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What is Neuromeka Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Neuromeka Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -43.25%.

Neuromeka Co ROCE % Historical Data

The historical data trend for Neuromeka Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Neuromeka Co ROCE % Chart

Neuromeka Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.84

-108.71

-64.34

-28.42

-36.81

Neuromeka Co Quarterly Data
	Jun21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial					-21.98	-27.52	-32.03	-65.77	-43.25

Neuromeka Co ROCE % Calculation

Neuromeka Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-15595.97	/	( ( (43830.121 - 4021.921)	+	(95720.977 - 50800.674) )	/ 2 )
	=	-15595.97	/	( (39808.2	+	44920.303)	/ 2 )
	=	-15595.97	/	42364.2515
	=	-36.81 %

Neuromeka Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-18170.096	/	( ( (95720.977 - 50800.674)	+	(90968.182 - 51860.137) )	/ 2 )
	=	-18170.096	/	( ( 44920.303	+	39108.045 )	/ 2 )
	=	-18170.096	/	42014.174
	=	-43.25 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Neuromeka Co (XKRX:348340) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Neuromeka Co ROCE % Related Terms

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Neuromeka Co (XKRX:348340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Neuromeka Co Ltd (XKRX:348340) » Definitions » ROCE %

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Address

7 Yeonmujang 5-ga-gil, 15th floor, Hyundai Terrace Tower, W Building, Seongdong-gu, Seoul, KOR, 04782

Website

https://www.neuromeka.com

Neuromeka Co Ltd is a robot company. It is building a robot as a service platform business ecosystem centered on collaborative robots so that even small and medium-sized manufacturing companies without robot experts can introduce and operate robot automation without burden.

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